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Employee share schemes

EMPLOYEE SHARE SCHEMES
For a change, although it is hardly surprising given the activity that has taken place over the past few years, there have been no proposals in this years budget on employee share schemes.

In the light of this relatively “settled period” for employee share schemes we thought you might value a “drawing of breath” and a summary of the existing schemes available. For this purpose we have broken the schemes down into

– share option schemes

and

– “other schemes

Share option schemes

– Unapproved share option scheme

– SAYE scheme

– (discretionary) Approved share option scheme

– Enterprise management incentive (EMI)

“Other” schemes

– Approved profit sharing scheme (no further awards after 5 April 2002)

– All employee share scheme (providing free shares, partnership shares, matching shares and dividend shares)

To these, must be added

– Employee trusts (approved and unapproved

and

– Funded unapproved retirement Benefit Schemes

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